top grants to pay off student loan debts 2021

Grants are an excellent way to pay off student loans 2021 and are money that typically does not need to be repaid. But, there may be applicable requirements as well as employment and service conditions. Student Loan Scholarships are given by federal, state, and non-profit associations. Grants are frequently used to convince graduates to work in understaffed areas. Such as, there are many scholarships available for doctors, nurses, and other health professionals. Student loan grants are generally restricted to a specific area or a specific geographic zone.

Below are some of the grant options available to pay off student loans in 2021.

National Health Services Corps (NHSC) Loan Repayment Program

The NHSC Loan Repayment Program gives up to $50,000 in student loan fees for medical specialists. Who sign a two-year service agreement to work in a Health Professional Scarcity Area (HPSA).

HSPA is an area of lack of medical staff in primary care, dentistry, and mental health services. Healthcare professionals with a rating of 14 or higher. On the HPSA site are qualified to receive the total amount of $ 50,000 ($ 25,000 for part-time physicians). Individuals with a score of 13 fewer workings on the HPSA sites are eligible for a reward of up to $ 30,000. Those who have not repaid the student’s debt after the expiration of the two-year service contract. They can apply for a contract renewal. NHSC would compensate the complete balance of the remaining student loan if the application accepted.

National Institutes of Health (NIH) Loan Repayment Programs

The NIH Loan Repayment Program is federally sponsored. It can pay off medical debts of up to $ 50,000 per year for researchers. Who decides to work in particular areas of high demand.

There are various options for researchers who are not engaged by NIH (external). Moreover, a few researchers are NIH workers (internal).

Well-known NIHLRP programs consist of the Contraception and Infertility Research Loan Repayment Plan. And the National Institute of Mental Health Loan Repayment Program. Other target plans are as follows.

External programs

  • Pediatric Research Loan Repayment Plan (LRP-PR)
  • Clinical Research Loan Repayment Plan (LRP-CR)
  • Loan Repayment Plan for Underprivileged People (LRP-IDB)
  • Loan Repayment Plan for Research on Health Inequality (LRP-HDR)

Internal programs

  • Clinical research for individuals from disadvantaged backgrounds
  • General research
  • Aids research

To be eligible, the loan must be at least 20% of your base salary. Income earned outside research institutes is not included in this requirement. For the NIH award, you should also conduct at least 20 hours of research per week.

Also Read:


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Teacher Grants

Teacher Cancellation of Perkins Loan: As of 2017, there are no additional Perkins loans. Nonetheless, if you have an active Perkins loan, you can get a total exemption if you meet the conditions. Qualified teachers work in low-income areas or teach high-demand subjects. For example, special education, math, bilingual education, science, and foreign languages. There are no fixed time requirements or particular working hours per week to qualify.

Teacher Loan Forgiveness Program: If you agree to teach in a low-income area for five years. You may be qualified for a subsidy of up to $ 17,500 and a direct federal loan without subsidies (including Stafford loans).

Researcher Grants

National Institutes of Health Loan Repayment Program: This is, in fact, a series of grant programs designed to attract healthcare professionals into essential research fields. If you agree to research that NIH considers essential, you can get up to $ 50,000 annually (for a total of two years).

The various research topics are:

  • Clinical research for individuals from underprivileged families
  • Pediatrics
  • Health disparities in minority populations
  • Clinical research
  • Contraception and infertility

Farmer Grants

New York State Young Farmer Loan Forgiveness Encouragement Program: In New York, graduates who choose to follow a career in agriculture can get up to $ 10,000 a year. For up to five years to repay their debt student loans. To qualify, an individual should have graduated from New York University. In addition, you decided to operate a farm in New York for at least five years. You must apply within two years of completing your study and are eligible for both federal and private student loans.

Congress’s Military College Loan Repayment Program (CLRP)

Several former service members use the GI Act to pay for military personnel’s schooling after their term ends. But what about soldiers who had student debt before joining the army? There are several scholarships to pay off student loans 2021 that military personnel or their families are eligible for.

The CLRP permits any military section to repay student loans of up to $ 65,000 to non-prior participants. Active Army and Navy trainees will receive a total $ 65,000 bonus. Army Reserve enlistment can get a maximum of $ 20,000, and the Navy Reserve can obtain a maximum of $ 10,000. The Air Force pays for active-duty military personnel only, with a fixed maximum amount of USD 10,000.

Iraq and Afghanistan Service Grant

Iraq and Afghanistan scholarships will help repay student loans to children of people who have died in Iraq or Afghanistan to protect our country.

The eligibility requirements are as follows:

  • All federal scholarship eligibility requirements must be met, except expected family donations.
  • When your parents or guardians go abroad to serve our country and died, you must be 24 years old, or at least part-time in college.

How To Find Money For College?

Grants are just one choice of how to get college money. Grants are generally based on needs and are awarded based on financial conditions. You can also seek scholarships based on your skill, even if you don’t have to pay them back. Even if you are not eligible for financial help, you can still use the scholarship opportunity to pay for your tuition. All military branches in the United States provide educational allowances for service participants to use during or after service. If you want to participate, you can use financial aid, college funding, and reimbursement programs.

Crowdfunding is a more innovative way to increase money for college. Through crowdfunding activities on sites such as GoFundMe and Indiegogo, students can request their friends, family, and communities to make small investments in their future without the need for large sums of money from anyone. Refunds to your employer are another alternative, depending on your workplace. Many private firms now bid up to the US $ 10,000 in tuition compensation for years of work. Your first step is always to fill out a FAFSA to see if you are eligible for Federal Grants and Financial Assistance for the best interests associated with it.


If you are not eligible for any grant on this list, don’t worry. There may still be procedures that can help you pay off your student loan. If you are searching for a reliable opportunity for your loan forgiveness, feel free to contact us. Our experts at SLFA are keen to guide you from document preparation to every step.

Alex Gold

Alex Gold

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SLFA is a private company and does not claim to be affiliated with any Federal, State, or Local Government agencies. People with student loan debt have the legal right to use an attorney or process federal student loan documentation on their own behalf without paid assistance. Our mission is to provide people with the credit repair, knowledge, information, and document preparation service they need to deal with all the financial decisions to find what they need and return to life effortlessly.

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